Report Update Nov 1, 2024

U.S. - Hydraulic Jacks and Hoists for Raising Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in the U.S.

In 2022, the U.S. hydraulic jack market increased by 9.2% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Hydraulic Jack Exports

Exports from the U.S.

In 2022, shipments abroad of hydraulic jacks and hoists for raising vehicles increased by 14% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic jack exports soared to $X in 2022. In general, exports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for hydraulic jack exports from the United States, with a 75% share of total exports. Moreover, hydraulic jack exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. The third position in this ranking was held by Australia (X units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-2.4% per year) and Australia (-2.3% per year).

In value terms, Canada ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from the United States, comprising 50% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6.3% share of total exports. It was followed by Australia, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.2% per year) and Australia (-1.3% per year).

Export Prices by Country

In 2022, the average hydraulic jack export price amounted to $X per unit, leveling off at the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 12%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Jack Imports

Imports into the U.S.

In 2022, the amount of hydraulic jacks and hoists for raising vehicles imported into the United States dropped modestly to X units, waning by -2.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 16%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, hydraulic jack imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of hydraulic jack to the United States, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.0%.

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to the United States.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.2%.

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, rising by 14% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydraulic jacks and hoists for raising vehicles in the world?

The countries with the highest volumes of in 2021 were China, the United States and Nigeria, together comprising 44% of global consumption.

What are the largest producers of hydraulic jacks and hoists for raising vehicles in the world?

The country with the largest volume of hydraulic jack production was China, comprising approx. 65% of total volume. Moreover, hydraulic jack production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by Japan, with a 4.2% share.

What are the leading suppliers of hydraulic jacks and hoists for raising vehicles to the U.S.?

In value terms, China constituted the largest supplier of hydraulic jack to the United States.

What are the leading importers of hydraulic jacks and hoists for raising vehicles from the U.S.?

In value terms, Canada remains the key foreign market for hydraulic jack exports from the United States, comprising 53% of total exports. The second position in the ranking was occupied by Mexico, with a 5.7% share of total exports.

What is the average export price for hydraulic jacks and hoists for raising vehicles in the U.S.?

The average hydraulic jack export price stood at $482 per unit in 2021, surging by 4.7% against the previous year.

What is the average import price for hydraulic jacks and hoists for raising vehicles in the U.S.?

The average hydraulic jack import price stood at $56 per unit in 2021, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the hydraulic jack market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221350 - Hydraulic jacks and hoists for raising vehicles (excluding those for use in garages)

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023